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Transferring money between banks, especially international banks, is a key use for these codes.
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Other types of messages are also exchanged between banks using the.
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Many of the offers appearing on this site are from advertisers from which this webs. A bank identification code (bic) or swift code identifies each specific bank. A checking account is the most basic personal finance tool. To properly identify an account without relying on bank and financial institution names (which can be very similar), a ba. Learn which swift code to use for different wire transfers.
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